Workers in Spain are poorer today than in 2007. Their purchasing power is lower than it was 26 years ago, both among rank-and-file employees and middle managers and management personnel, according to a report by ICSA and Eada.
Specifically, the salary of employees is 1.3% below the purchasing power of 2007. In the case of middle managers the loss is 7.5% and in the case of managers it is more than 12%.
In the presentation of the report, it was highlighted that the increase in the interprofessional minimum wage (SMI) in recent years has facilitated improvements in the income of basic employees.
If analyzed by community, where employees have the highest remunerations is in Madrid (27,987 euros), Catalonia (26,996) and Navarra (26,707). On the other hand, in Extremadura, salaries are around 6,000 euros. Specifically, the average is 21,981.
The report also confirms that salaries are higher in the case of larger companies. Last year, large companies increased the average salary of their workers by 8%, to 29,706 euros. According to ICSA, the improvement in salaries last year is due to “the collective agreements agreed upon, the modernization of positions and the demands of the market in certain positions and sectors.”
